RecycLiCo™ Pilot Plant Continues Optimization and Commercial Feasibility Study Plans
CEO: Another Step on the Environmentally Friendly Path to Lithium-ion Battery Recycling
RecycLiCo Battery Materials (“AMY” or the “Company”), is pleased to report that improved RecycLiCo™ Pilot Plant results were achieved with a 99.93% purity (previously 99.88%) from the second production of recycled NMC cathode material. The results were submitted by the Company’s contractor, Kemetco Research. See photo here.
The Company will continue testing the existing stockpile of NMC and NCA cathode scrap to further optimize cathode material purity.
“The 99.93% purity achieved by the RecycLiCo™ Pilot Plant is a great demonstration of high-quality cathode materials expected in the lithium-ion battery manufacturing industry” said Shailesh Upreti, Advisory Board Member of RecycLiCo Battery Materials and President of C4V and Chairman of iMperium3 New York, a consortium that is building a lithium-ion battery Gigafactory in New York state and other parts of the world.
“All of us on the RecycLiCo Battery Materials team are extremely pleased with the recent purity results as it demonstrates our ability to continually improve our recycling potential and provide an environmentally friendly solution to the lithium-ion battery recycling industry,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials.
Further to the Company’s previously announced patents, RecycLiCo Battery Materials holds U.S. Patent No. 10,246,343 and Patent No. 10,308,523 for its lithium-ion battery recycling technology under its wholly owned U.S. subsidiary, Rocher Manganese Inc.
About Kemetco Research Inc.
Kemetco Research is a private sector integrated science, technology and innovation company. Their Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Their clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it can offer a broader range of backgrounds and expertise than most laboratories.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo™ Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at battery grade purity, with minimal processing steps. RecycLiCo Battery Materials aims to commercialize its breakthrough RecycLiCo™ Patented Process and become an industry leader in recycling cathode materials from spent lithium-ion batteries.
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
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The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.